The HMA Trend Indicator is a popular free Forex indicator for the MT4 trading platform. It is a useful tool for traders who want to quickly identify the current trend in the market. The HMA Trend Indicator is based on the Hull Moving Average (HMA). The HMA is a weighted moving average that is designed to eliminate lag associated with other moving averages. The HMA Trend Indicator uses the HMA to plot two different lines on the chart. The first line is the HMA itself and the second line is the signal line. The signal line is a moving average of the HMA line. The signal line helps to identify when a trend is likely to change. When the signal line crosses above the HMA line it indicates that the market is likely to enter an uptrend. Conversely, when the signal line crosses below the HMA line it indicates that the market is likely to enter a downtrend. The HMA Trend Indicator is a popular and useful tool for traders who want to quickly identify the current trend in the market.
MT4
HMA Trend
The HMA Trend Indicator is a popular and free Forex indicator for the MT4 trading platform. It is a useful tool for traders that helps identify trend direction and strength. It is based on the Hull Moving Average (HMA), which uses a weighted moving average and a smoothing factor to reduce lag. The indicator plots two lines on the chart, one for the trend direction and one for the trend strength. This indicator is easy to use and can help traders identify when to enter and exit trades. It is a great tool for both novice and experienced traders.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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